LUNA The Deep Breath Before The Plunge
My friends, let us take a look into Luna and how our analysis is playing out.
So far, we see that we have formed a triangle with lower highs and higher lows.... To me all this says is that a potential price direction is coming.
Money flow is weakening and reached the top of this triangle 3 times now. This should increase selling pressure as hopes for another ATH are shot down.
Please review the chart for trade specifics to our short play in the making.
Please keep in mind that profit should be taken at the support rectangle. If we see it descend from this point, I will assist in opening another short play. At the moment, we must be quick to take money from shorts as a pump to BTC would most likely cause this market to shoot the moon.
I hope you all have a fantastic day, I'm going to play some golf!
Trade smart and always stay limber.
So far, we see that we have formed a triangle with lower highs and higher lows.... To me all this says is that a potential price direction is coming.
Money flow is weakening and reached the top of this triangle 3 times now. This should increase selling pressure as hopes for another ATH are shot down.
Please review the chart for trade specifics to our short play in the making.
Please keep in mind that profit should be taken at the support rectangle. If we see it descend from this point, I will assist in opening another short play. At the moment, we must be quick to take money from shorts as a pump to BTC would most likely cause this market to shoot the moon.
I hope you all have a fantastic day, I'm going to play some golf!
Trade smart and always stay limber.
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